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ICON Partners With SK Planet for ‘Blockchain Technology and Business Cooperation’. Thursday, September 20

20 september 2018, 22:31 by John Kiguru

ICON Foundation Partners With SK Planet for ‘Blockchain Technology and Business Cooperation’

The ICON Foundation has announced that it has signed an MOU with South Korea’s internet platform development company, SK planet. The partnership will see the two companies work together to create new customer values and business opportunities. According to the announcement, ICON’S blockchain technology will be linked to mobile services provided by SK planet. These services include OK Cashbag and Syrup. They expect this to revolutionize the marketing framework of SK planet and develop both a mid-term and long-term roadmap to enhance customer experience.

Fostering A Healthy Blockchain Industry

Besides to linking the blockchain platform to mobile services, the partnership will also see the two companies support small and medium-sized enterprises to revive the local economy. Through this project, ICON will be fostering a healthy attitude towards blockchain technology. It will also be advocating and promoting for its growth and adoption.

The partnership with local SMEs will see ICON connecting with developers and people of academia looking to develop the industry. By fostering such partnerships, ICON will stand out among other projects and become a leader in the industry.

For SK planet, they are looking towards blockchain technology to provide their customers with differentiated services. Blockchain technology has disrupted almost all industries, and the effect has been undeniable. SK planet is seeking to be the leading company that utilizes the new and revolutionary technology.

ICON’s Price Analysis

ICON (ICX) is still a long way from its all-time high of $12 which it achieved back in January 2018. The coin has since been gradually dropping. At the time of press, the coin is trading at $0.608597. For some time now, the coin has been looking to break the $1.00 resistance level, a level it has struggled to break for weeks.

The ICON project aims at creating the largest decentralized network. This project has developed a platform where different blockchains can interact with each other. It plans to connect industry players from, insurance, finance, healthcare, education among others. Because of its use, there is a strong belief that the platform will gain mass adoption. As long as there is a need for blockchain technology and different companies are adopting it, there is a need for ICON’s project.

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